China Extends Waiver on Port Construction Fees

June 24, 2020

© William Messing / Adobe Stock
© William Messing / Adobe Stock

China’s Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the end of 2020 from June 30.

The ministry will also extend a reduction in fees paid to the compensation fund for ship pollution until the end of this year.

The move is part of Beijing’s efforts to help business resume amid the coronavirus pandemic and to shore up its export industry.


(Reporting by Muyu Xu and Beijing Newsroom; Editing by Christian Schmollinger)

Logistics News

Liebherr BOS Cranes Celebrates 50 Years

Liebherr BOS Cranes Celebrates 50 Years

Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis

Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis

Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential

Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential

Okeanis Eco Tankers Share Sale to Fuel Vessel Buys

Okeanis Eco Tankers Share Sale to Fuel Vessel Buys

Subscribe for Maritime Logistics Professional E‑News

Archer partners up with Saudi entities to test air taxi operations
Berlin claims that Merz only wanted to go home after Lula's remark about Brazil
Romania scrambles fighter planes after drone breach in Russian strike on Ukraine